TCF Financial (TCF) Earning Somewhat Favorable News Coverage, Report Shows
Press coverage about TCF Financial (NYSE:TCF) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TCF Financial earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.003374086628 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Zacks Investment Research Lowers TCF Financial (TCF) to Hold (americanbankingnews.com)
- TCF Financial (TCF) Upgraded by BMO Capital Markets to “Outperform” (americanbankingnews.com)
- 2 Bank Stocks To Buy On The Dip, According To BMO (finance.yahoo.com)
- TCF provides financing to support Superior Capital and Rostra’s Auer acquisition (pehub.com)
- TCF Financial (TCF) versus The Competition Financial Contrast (americanbankingnews.com)
A number of brokerages have recently weighed in on TCF. Royal Bank of Canada reissued a “buy” rating and issued a $20.00 price objective on shares of TCF Financial in a report on Friday, October 27th. Jefferies Group reissued a “hold” rating and issued a $21.00 price objective on shares of TCF Financial in a report on Friday, December 8th. Barclays increased their price objective on TCF Financial from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.00 price objective on shares of TCF Financial in a report on Sunday, October 29th. Finally, Zacks Investment Research raised TCF Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. TCF Financial has a consensus rating of “Hold” and a consensus price target of $21.58.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.15 dividend. This is an increase from TCF Financial’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.80%. TCF Financial’s dividend payout ratio is presently 20.83%.
In other news, Director Peter Bell sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $20.53, for a total value of $307,950.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by corporate insiders.
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TCF Financial Company Profile
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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